Monday, May 7, 2012

100% USDA Changing Dramatically

For many years non-veteran home buyers have enjoyed the ability of buying homes with 100% USDA loans.  Desirable neighborhoods such as Wooden Eagle Plantation with city conveniences nearby qualified for this financing.  Based on reliable sources dramatic changes are in the works.  Two different contacts have stated all is changing in Houston County soon.  One said the program will no longer be available in Houston County.  The other stated it will be available but only in the most rural areas.  As with many government decisions no one seems to know exactly what will happen.  It is evident something is going on and the results will not be good.  Either scenario will see 1,000’s of potential home buyers needing large down payments to buy their dream home. 
Wooden Eagle Plantation is the only location where high quality one story homes are being built near Warner Robins.  High end features are throughout the homes.  Each home is professionally decorated.  Everyone who visits is amazed at the quality of construction.  The neighborhood is quiet, safe and family oriented. 
We are grateful the 100% USDA program has been available to Wooden Eagle Plantation.  Many young families as well as single residents have realized home ownership through this program.  They have been welcome additions to the community.  Our typical neighbor has a good job and good credit but circumstances haven’t allowed them to accumulate a significant down payment.  Most are just getting started out in life while some have had changes in their circumstances that put them in a similar position of having little cash on hand. 
We have a few homes now that are available.  Also, there are 5 or 6 lots we will be building on.  This is all we will have to accommodate the impending demand before all areas that aren’t miles from anything will be the only option for 100% USDA financing.

If you or someone you know has thoughts of buying a new home this program could be vital to them achieving the American Dream of home ownership.  Please don't delay.